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NOVN

Novan

$1.33

-0.02 (-1.48%)

16:19
01/30/19
01/30
16:19
01/30/19
16:19

FDA grants Novan end-of-Phase 2 meeting for SB206 molluscum program

Novan announced that it has been granted an end-of-Phase 2 meeting with the FDA in early March for the SB206 molluscum program. This meeting will enable Novan and the FDA to agree on a Phase 3 development plan for molluscum with SB206 12% once-daily as the active treatment arm. The company intends to provide a further update after the meeting with respect to a path forward for the asset and indication. Additionally, Novan is continuing to pursue several active business development discussions around certain of its late-stage assets, including SB206 for molluscum, and the broader dermatology platform.

NOVN Novan
$1.33

-0.02 (-1.48%)

05/21/18
JMPS
05/21/18
NO CHANGE
JMPS
Novan Q1 results beat estimates, pipeline progressing, says JMP Securities
JMP Securities analyst Donald Ellis noted that Novan reported Q1 earnings that were ahead of JMP's estimate and the consensus estimate, and added that the company's pipeline is progressing with multiple Phase 1/Phase 2 study top-line results expected later this year. Ellis reiterated a Market Outperform rating and $14 price target on Novan shares.
10/26/18
HCWC
10/26/18
INITIATION
Target $8
HCWC
Buy
Novan initiated with a Buy at H.C. Wainwright
H.C. Wainwright analyst Oren Livnat started Novan with a Buy rating and $8 price target. The company is built around a proprietary platform technology that allows stable, solid chemical storage and controlled delivery of therapeutic quantities of nitric oxide, Livnat tells investors in a research note. He believes Novan is the only company to "reliably harness meaningful NO concentrations to formulate topical NO therapies."
10/26/18
10/26/18
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. L Brands (LB) initiated with a Buy at Goldman Sachs while Gap (GPS) was initiated with a Neutral. 2. Iridex (IRIX) initiated with a Buy at Stifel. 3. Xilinx (XLNX) assumed with a Market Perform at William Blair. 4. Novan (NOVN) initiated with a Buy at H.C. Wainwright. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/10/18
HCWC
12/10/18
NO CHANGE
Target $6
HCWC
Buy
Novan 'highly undervalued' after 'best-case' data, says H.C. Wainwright
H.C. Wainwright analyst Oren Livnat says Novan's new new Phase 2 data "should settle some earlier pushback." The "definitively positive and statistically significant" results of the 12% once-daily dose represent a "best-case scenario," Livnat tells investors in a research note. These data bolster the analyst's confidence that SB206 is an "effective, well-tolerated molluscum treatment, and that a higher-powered Phase 3 will work." He continues to see Novan as "highly undervalued," and a "likely eventual takeout candidate if and when its pipeline comes to fruition." Livnat lowered his price target for the shares to $6 from $8 to reflect higher projected dilution than previously modeled and reiterates a Buy rating on the name.

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